Singaporean Software Defensive Blue Chips

ABN AMRO Bank

Market Cap: €22.0b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Casey's General Stores

Market Cap: US$25.5b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Kraft Heinz

Market Cap: US$25.2b

Manufactures and markets food and beverage products in North America and internationally.

Montage Technology

Market Cap: CN¥173.5b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People’s Republic of China.

Aviva

Market Cap: UK£18.8b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Citizens Financial Group

Market Cap: US$25.0b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Telefônica Brasil

Market Cap: R$131.2b

Operates as a mobile telecommunications company in Brazil.

Nestlé India

Market Cap: ₹2.3t

Engages in the manufacture and sale of food products in India and internationally.

BPER Banca

Market Cap: €21.3b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Cincinnati Financial

Market Cap: US$24.6b

Provides property casualty insurance products in the United States.

China Tower

Market Cap: HK$191.6b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Snam

Market Cap: €21.2b

Engages in the operation of natural gas transport and storage infrastructure.

W. R. Berkley

Market Cap: US$24.4b

An insurance holding company, operates as a commercial line writer worldwide.

China Minsheng Banking

Market Cap: CN¥166.2b

Provides banking products and services in the People's Republic of China.

Qnity Electronics

Market Cap: US$24.1b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Bunge Global

Market Cap: US$24.0b

Operates as an agribusiness and food company worldwide.

Public Bank Berhad

Market Cap: RM 95.2b

Provides banking products and services.

Telefónica

Market Cap: €20.7b

Provides telecommunications services in Europe and Latin America.

CLP Holdings

Market Cap: HK$186.5b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Markel Group

Market Cap: US$23.8b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥163.1b

Inner Mongolia Yili Industrial Group Co., Ltd.

ON Semiconductor

Market Cap: US$23.6b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Banco de Crédito del Perú

Market Cap: S/81.1b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Telenor

Market Cap: NOK 227.6b

Operates as a telecommunication company worldwide.

United Microelectronics

Market Cap: NT$743.4b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س86.9b

Provides private health and support services in the Kingdom of Saudi Arabia.

Riyad Bank

Market Cap: ر.س86.6b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Yihai Kerry Arawana Holdings

Market Cap: CN¥156.2b

Engages in the agriculture and food processing businesses in China.

Brown & Brown

Market Cap: US$22.6b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

AIB Group

Market Cap: €19.5b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.6t

Operates as a trust bank in Japan and internationally.

QBE Insurance Group

Market Cap: AU$32.0b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥152.8b

Produces and sells alcoholic products in China and internationally.

Hua Hong Semiconductor

Market Cap: HK$172.0b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Terna

Market Cap: €19.0b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Nanya Technology

Market Cap: NT$701.8b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.